According to UN estimates, the world is facing an annual financing gap of about $4 trillion to achieve sustainable development, leaving countries with hardly any resources to invest in better education, healthcare, renewable energy or social protection. “The Sustainable Development Goals (SDGs) are hanging by a thread, and with them, the hopes and dreams of…
The report from the UN’s environmental wing, UNEP, also revealed that despite decades of calls for ending finance flows towards sectors that harm some of humanity’s most valuable assets, those investments currently account for a whopping 7 percent of global GDP. Saturday’s report launch comes as negotiations on the conference’s outcome text are shifting into…
According to the UN Conference on Trade and Development (UNCTAD), this represents between $1,179 and $1,383 per person, per year. The study factors in 50 SDG indicators across 90 countries, covering three quarters of the global population. For the world’s 48 developing economies, the shortfall is estimated at $337 billion annually, if they are to…
According to a new UNCTAD report, developing countries actually face a staggering $4 trillion gap in sustainable development investments. UNCTAD Secretary-General Rebeca Grynspan said that a “significant increase” in material support for renewable energy in developing countries is “crucial” for the world to reach its climate goals by 2030. Poorer countries left behind in renewables boom…
Nvidia has become the seventh company in the world to become one of the trillion dollar companies. Photo: File New York: The famous software and hardware company Nvidia has now joined the trillion dollar club, partly because the company has used artificial intelligence (AI) to great effect. According to the Wall Street Journal on Tuesday,…
According to WMO, weather, climate and water-related hazards caused close to 12,000 disasters between 1970 and 2021. Developing countries were hit hardest, seeing nine in 10 deaths and 60 per cent of economic losses from climate shocks and extreme weather. WMO said that Least Developed Countries and Small Island Developing States suffered a “disproportionately” high…
“Corruption drains more than 5 per cent of the global GDP,” said Lachezara Stoeva. “Of the approximately $13 trillion in global public spending, up to 25 per cent is lost to corruption.” That translates into at least $3 trillion for public spending. Under the theme, Unleashing the transformative power of Sustainable Development Goal (SDG) 16:…
Over one third of the world’s working women are employed in agrifood systems, which include the production of food and non-food agricultural products, as well as related activities from food storage, transportation and processing to distribution. But in a new report, FAO says that gender inequalities such as less access for women to knowledge and…
You see many stars in the sky at night, but the star closest to you is not visible at night but during the day, ie our sun, yes our sun is also a star. All the stars visible in the night sky are similar to our sun, some are bigger than the sun, some are…
